WEST LAFAYETTE, IN – Chromcraft Revington Inc. reported sales of $25,605,000 and a net loss of $6,038,000 for the three months ended June 28 as compared to sales of $32,769,000 and a net loss of $3,301,000 for the prior year period, according to MarketWatch.
For the first six months of 2008, sales were $53,068,000 and the net loss was $8,283,000 as compared to sales of $66,616,000 and a net loss of $4,479,000 for the prior year period.
Reportedly, residential furniture shipments in 2008 were lower in all categories primarily due to a weak retail environment, competitive pressure from imports, the impact of restructuring activities in the sales force and the discontinuation of certain domestic products prior to out-sourced replacements being available.
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